Reem With A View

"Names and attributes must be accommodated to the essence of things, and not the essence to the names, since things come first and names afterwards." – Galileo

Why did George Lucas sell Lucasfilm including STAR WARS franchise to Disney?

Yes, all Star Wars Fans are puzzled  (note the F in fans is in capital. This is deliberate as Star Wars Fans are almost like religious believers!)

Why did George Lucas suddenly sell away all rights to  Star Wars to DISNEY? And too add,  Indiana Jones?  And also my favorite visual effects company: Industrial Light and Magic (ILM) ? Just $4 Billion? Sounds small?

Not quite.

Being a cash plus  stock combo sale, Lucas has become the second largest independent shareholder of Disney, holding more than 2% equity. So ALL future profits of Disney from  Star Wars, Indy Jones series will CONTINUE to add to Lucas’ fat wallet, as Disney will make multiple reboots and sequels.

In addition, the sale was a master move by George Lucas in inheritance and estate planning according to experts:

Since none of Lucas’s three adopted children plan to take over his film empire, financial advisers say the strategy will save his heirs the the responsibility of managing their inheritance – and potentially going through the often long and fraught process of dividing it. “Mr. Lucas has obviously surrounded himself for years with world class legal, estate and tax advisers,” Wade Westhoff, a financial adviser based in Danville, Calif., says of the Disney deal. “This is a textbook example of exit planning for a private business owner.” (Lucas and a spokesman for LucasFilm were not immediately available for comment)

That Lucas struck a deal in 2012 may be no accident either, advisers say. Long-term capital gains tax from the sale of assets held more than one year are taxed at a rate of 15% for investors in the 25% income tax bracket or above (Lucas’s level), and zero for investors in the 10% or 15% bracket. Those rates are set to jump to 20% and 10%, respectively in January. “He probably wanted to take advantage of the lower rate on long-term capital gain while it’s certain,” says Bill Smith, managing director at CBIZ MHM, a national accounting and professional services provider.

Source:  Jedi Estate Planning

The Force… is pretty strong in George Lucas!

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Top 30 Greatest Movies of All Time

Here’s my list (retarded movie critics and film institutes be damned):

1. Titanic

2. Godfather 2

3. The Dark Knight

4. Raiders of the Lost Ark

5. Star Wars

6. Citizen Kane

7. Jurassic Park

8. The Sixth Sense

9. The Matrix

10. Terminator 2

11. 2001 A Space Odyssey

12. Gone With The Wind

13. Godfather 1

14. The Abyss

15. Forrest Gump

16. E.T. The Extra Terrestrial

17. Superman 2 (Richard Donner’s Cut)

18. Cliffhanger

19. Casablanca

20. The Jungle Book (1967 Disney version)

21. Rocky

22. The Departed

23. The Lion King

24. Silence Of The Lambs

25. For A Few Dollars More

26. As Good As It Gets

27. The Ghost And The Darkness

28. The Shawshank Redemption

29. When Harry Met Sally

30. Spiderman 2

Each of the above movies broke new ground.  Will expand to the Top 100 soon.

Foreign films have still not made it, but a chick flick and Michael Douglas did (surprisingly it isn’t Wall Street nor Romancing The Stone…guess which one was his in the above list. )

Johnny Depp? He will be there in the Top 100. So will a host of other legends and classics.

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Indiana Jones 4

Its confirmed! Indiana Jones and The Kingdom of the Crystal Skull will faceoff Indy against the Soviets!

Indiana Jones 4Blogged with Flock

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